Ecclestone added that Liberty is in too much a hurry to finalize new events.

"When they came in, they said 'We'll have 25 races, six of them in America'. But they don't know how to do it," he insisted.

Liberty has delivered a new race in Vietnam, but Ecclestone said he decided against that race because of the competing hosts in Singapore and Japan.

"So I let it go," the Briton said. "If you tell people about Formula 1 there, they don't have a clue what you're talking about. Whether it's right or wrong, I don't know. Everywhere is the right place, as long as people come to the track or turn on the TV."

He also scoffed at the latest reports about Liberty eyeing a race in London.

"We looked at it years ago," he said. "It's too complicated, too many restrictions.

"We had so many meetings and in the end the difference was three million pounds. I said 'That's the cost of the bottled water at the meetings we still need to have. So let's just forget the whole thing'."